1 hour, 4 minutes ago ATLANTA (Reuters) - Retailer Lowe's Cos (LOW.N) reported a higher-than-expected second-quarter profit on Monday as consumers used their tax-rebate checks to take on spring projects.Lowe's, the second-largest home-improvement chain behind Home Depot Inc (HD.N), forecast earnings for the third quarter below current Wall Street estimates but raised its full-year outlook slightly.
Net earnings for the quarter fell to $938 million, or 64 cents a share, from $1.02 billion, or 67 cents a share, a year earlier. Analysts on average forecast earnings of 56 cents a share, according to Reuters Estimates.
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